In a fascinating turn of events, two cybersecurity researchers recently assisted an anonymous crypto user in recovering a staggering 43.6 bitcoins (BTC) that he had lost access to 11 years ago. The user, known only as Michael, had set up a wallet in 2013 using a password generated by RoboForm. However, due to a corrupted
Crypto
Mastercard has taken a significant step forward in the world of cryptocurrency with the launch of its Mastercard Crypto Credential. This new offering aims to simplify and secure blockchain transfers by enabling users on various exchanges to send and receive cryptocurrency using easy-to-remember aliases. This move is set to enhance transaction simplicity and security, ultimately
The Japanese cryptocurrency trading platform, DMM Bitcoin, recently fell victim to a hack resulting in a significant loss of Bitcoin valued at approximately $305 million on May 31st. The exchange confirmed that 4,502.9 bitcoins were drained from their systems during the attack. Despite this confirmation, DMM Bitcoin has not provided additional information regarding the breach.
In the current year, amidst a broader market recovery, the XRP Ledger (XRPL) has witnessed a surge in network activity across various metrics. According to the latest report from Messari, active addresses saw a 37% increase, while transactions surged by 113% quarter-over-quarter (QoQ). This growth can be attributed to a concentrated group of around 45,000
The recent ruling by the U.S. District Court for the District of Utah to dismiss the Securities and Exchange Commission’s (SEC) case against Digital Licensing, known as Debt Box, has caused quite a stir. Not only was the case closed without prejudice, but the SEC was also ordered to pay a substantial amount – approximately
The trend of launching meme coins has significantly increased this year, with many of these coins having questionable ties. Lookonchain’s data has shed light on the dangers associated with trading meme coins, especially those endorsed by celebrities. One recent example is American celebrity Caitlyn Jenner’s JENNER coin, which was introduced on the Solana blockchain. Despite
Blockchain analysis firm Nansen recently revealed that DBS Bank, a prominent banking institution in Singapore, has emerged as a significant player in the world of cryptocurrency. A crypto wallet allegedly owned by DBS Bank contains a substantial amount of 173,753 Ether (ETH), with a market value of approximately $650 million. The wallet, which came under
Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has achieved an incredible feat in recovering almost all of its customers’ digital assets after its lending arm faced bankruptcy. This recovery is being hailed as one of the most successful in the industry, setting a new standard for how exchanges should handle insolvency situations.
In a shocking turn of events, former FTX co-CEO Ryan Salame has been sentenced to 90 months in prison for his involvement in illegal political contributions and defrauding the Federal Election Commission, as well as running an unlicensed money-transmitting business. This decision was handed down by US District Judge Lewis A. Kaplan, following Salame’s guilty
Grayscale’s upcoming spot Ether exchange-traded fund (ETF) approval by the U.S. Securities and Exchange Commission has sparked conversations about the potential impact it could have on the market. According to analysts at Kaiko, if Grayscale’s Ether Trust (ETHE) follows the pattern set by the Grayscale Bitcoin Trust (GBTC) in its transition to an ETF, we